Training on cosmetics production

Daniel Ankamah Mensah

Berekum, Ghana

6% repaid

Entrepreneur

Name

Daniel Ankamah Mensah

Location

Berekum, Ghana

On-time repayments

93 weekly installments  •  54%

About Me

I am Daniel Ankamah Mensah, a native of Berekum in the Brong/Ahafo region of Ghana. I did General Science at the Sunyani Senior High School and a Biochemistry graduate from the KNUST, Ghana. I attended seminar, did researches and did a lot of experiments to become skillful in the area of biotechnology. Through series of experiments and research, I could set up the business. I started my business in 2012 with food biotechnology then to cosmetics and now I am into soaps and detergents. My people have the matrilineal system of inheritance and are humble and very creative. Most children in my land would always want to become Doctors. My hobby is research. I spend most of my time on the internet doing scientific researches.

My Business

My business is a registered sole proprietorship type of business. It has been registered as a biotechnology and manufacturing industry with the Registrar General's Department of Ghana as MAGSLEVIN ENTERPRISE. The company manufactures cosmetic, soaps, detergents and food products. Cosmetic products include Vaseline, body lotion and hair pommade. Soap and detergents include shower gel, aloe vera soaps, liquid hand washing soap, bar soap. Food products include fresh yoghurt, sorrel drink, fruit drink and ice cream. Other products include liquid air freshener and hand sanitizer. The products are quality and affordable and are manufactured under hygienic conditions. The foods are highly nutritious and healthy. The products are manufactured to promote the healthy living of the people in the community. I chose this type of business because I realised there is no biotechnology industry in my town. Also the demand for biotechnology products in the town is very high but those brought from outside the town come with very high prices. Production of Cosmetic products costs around GHS 1500, Chemotherapy products cost around GHS1,200 and Food cost GHS 900. The total revenue is GHS 10,000 as of now. The profit is reinvested into the business to ensure its growth and also for the house. This time, we also want to use part of the profit to help continue with the training programme we have started. I am seeking to expand from small scale to a large the business in future.

Loan Proposal

I thank you fr my first and second loans. My company has been able to acquire most of the items and equipment it needed to continue production with the loan you provided. To be specific, this is a list of few of the items; Electric stove, chemicals for producing the various products, cupboard, funnel, barrels, pens, curtains, printer, PC, Bowls, Clocks, tables and many more. Thank you once again.
Right now, the company has decided to embark on an outreach program. Looking at how we have become successful over these few months, we want to share some of our ideas with the ordinary Ghanaians so that they may also set up their own companies to support them and their families. We therefore have decided to hold training programs/seminars for the people in the community on the production of cosmetic products and also educate them on the benefits and side effects of most of the chemicals used in the production of these items. During the training, we shall teach them the correct measurement, safety precautions, procedures in producing these items and steps taken to register a business.
Teaching these people how to produce some simple cosmetic products like Vaseline and liquid detergent will help the start something to help them generate some funds to aid them in achieving their aims and objectives. Others would also use their income to support their wards’ education to help eradicate the high level of school dropout. These training would take place at churches, parks, schools and other institutions where we would be permitted.
Also, distribution of our products has become a major problem for the company. As I write to you, the company distributes products on foot. The items are placed in school bags and polyethylene and carried for distribution. Some customers do complain about the packaging but I have assured them that everything would change very soon. This is a startup company so they should take heart.
Due to this, we would like to plead with Zidisha and it kind lenders to come to our aid by providing us with a loan that can help us buy a motor bike for faster distribution. It is our objective to get our products to places as far as possible and capture a larger soap market shares in Berekum (our location) and the Brong Ahafo region of Ghana. We want to produce the best and quality products in our category.
Moreover, in terms of advertisement, we would like to make a banner for the company, stickers, T-shirt, and posters for the company and also go on the media like television and radio for further advertisement.
Thank you.

Feedback

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Loan Info

Project Type

Classic Loan

Disbursed amount

$1,069.00

Date disbursed

Feb 2, 2016

Repayment status

Late

Projected term

63 months

Cost to entrepreneur

Service fee: 5% of $1,069.00 = $53.50

Lenders

smonroe

Stanford, United States

Dianne

Maryville, United States

laurenrosenbaum

Washington, United States

J

johans

Malmö, Sweden

tjm212003

Montreal, Canada

C

CWS

Huntington beach, ca, United States

B

bgalon

London, United Kingdom

S

Snick

Halle, Germany

A

alfredo

Bremen, Germany

H

Hilke

Bremen, Germany

H

Hans57

Berlin, Germany

valentin

Stockholm, Sweden

Eduardo

Langenthal, Switzerland

Ishaque

New Jersey, United States

HI

Highly Improbable

Saskatoon, Canada

Irvin

Vancouver, Canada

investor

Candiac, Canada

J

johan

Oslo, Norway

P

Peter

München, Germany

A

ahnante

Yokohama, Japan

M

M

Raleigh, United States

T

tatts2000

melbourne, Australia

A

aniculai

GENK, Belgium

malcolm D

grants pass, United States

C

Catolas

Kelowna, Canada

Y

yop324

Ottawa, Canada

K

Krokslatt

Mölndal, Sweden

AdamP

Sunnyvale, United States

BelleStarr

Albuquerque, United States

cyrus0302

San Francisco, United States

J

Jmay2133

Fremont, United States

L

Lunatoon

Grants Pass, United States

E

Ehaffey

Washington D.C., United States

C

ColinPlatt

Montgomery Village, United States

M

MaBeAa

Berlin, Germany

Johnny

shanghai, China

lietu

Tallinn, Estonia

I

ideerge

Mountain View, United States

M

minynlca

San Diego, United States

Tilius

Oslo, Norway

C

CanadianBiker

Peterborough, Canada

D

dallin1776

Blackfoot, United States

Rocketdrive

Eugene, Oregon, United States

J

jozua

Delft, Netherlands

B

bizarresmom

Willowick, United States

AndreaBravi

London, UK, Canada

I

Interfree

Dubai, United Arab Emirates

P

profa

Rehovot, Israel

F

faical

Cologne, Germany

G

Gymeagary

Bangor, Australia

K

K1Stay

London, United Kingdom

T

traderjohn

Baltimore, United States

Tjitser

The Hague, Netherlands

ZlataRoy

Cheltenham, United Kingdom

M

mushroom

Brussels, Belgium

R

rcmssr

Woodbury, United States

G

giaco

madrid, Spain

L

LRMike

Arkansas, United States

M

markj

Camberwell, Australia

Pere

Barcelona, Spain

S

SamTom

Carindale, Australia

G

Gerhard

Pretoria, South Africa

K

kathy207

South Portland, United States

A

aliasadsj

Queens, NY, United States

T

ToddK

Indianapolis, IN, USA, United States

Karembo

vienna, Austria

S

Steveandson

Arlington, United States

L

Lucy2012

London, United Kingdom

DaveinPerth

Perth, Australia

K

kingmark1

Calgary, Canada

BJ

Brandon Joz

North Carolina, United States

M

MarleyZiggy

Colorado, United States

Y

Yasha

Beer Sheva, Israel

A

Angela

Heide, Germany

Jeff and Marcie

Portland, OR, United States

B

blahblah

Nuernberg, Germany

T

thejacobnorton

Jubail, Saudi Arabia

J

jjiffer

Seattle, United States

C

Carol

Ripon, United States

RockinRobin

Centennial CO, United States

C

chrisn

Egg, Switzerland

R

Rossman

Poland, United States

MichaelR

Los Angeles, United States

J

JayJay

Cleveland, United States

A

Alicee

Munich, Germany

D

danny

Karlsruhe, Germany

M

matts

New York, United States

L

LiquidH

Elmhurst, United States

P

proby24

Singapore, Singapore

S

SelvaMarcus

Green Cove Springs, United States

simonvikstrom

Drottningholm, Sweden

T

tmsaddress

Orlando, Florida, United States

B

Becks

Dubai, United Arab Emirates

M

mgeck

Munich, Germany

R

RogerBare

Houston, United States

cattlebaron

Pierre, SD, United States

F

fisaire

Ithaca, United States

G

grahamfamily

Guildford, United Kingdom

T

tonilends

catalonia is not:, Spain

S

SeanWolfPack

Raleigh, United States

pbosakov

Sofia, Bulgaria

dajawein

Gladstone, Australia

athomas

Chevy Chase, United States

Elaine123

Philadelphia, United States

M

missjoyy

Munich, Germany

Gillis

Helsinki, Finland

B

BartenKatrijn

Ghent 9000, Belgium

andreasol

Bielefeld, Germany

Pascal

Gent, Belgium

Moyeji

Australia

F

fake_name

Boston, United States

D

Divergent

Bethesda, United States

W

wissu

Brüttisellen, Switzerland

Susansfund

Colorado Springs, United States

G

glomardor

Leonardtown, United States

Cloudways

Malta, Malta

R

RosieLea

columbus, United States

D

Dadiolafs

Vestmannaeyjar, Iceland

T

TerrenceM

Wollongong, Australia

M

markusfitza

College Station, United States

IA

Ismini and Jerry

Stamford, USA, United States

P

penguin3694

Chicago, United States

A

aiban

Austin, United States

T

the0bauman

Hillsboro, United States

X

xdanny89x

Coventry, United Kingdom

M

mastodons

Chicago, United States

A

Austrian

Graz, Austria

P

PhilACK

Brampton, Canada

birtom

Ettlingen, Germany

Matthew

New York, NY, United States

eastcoastcanuck

Fredericton, Canada

S

samuk

Nottingham, United Kingdom

madnomad

San Francisco, CA, United States

A

Andersson

Sölvesborg, Sweden

A

Aastra

Los Angeles, United States

Spidey3

Stamford, United States

southcentral

Zürich, Switzerland

L

loistf

Madrid, Spain

W

wildnis

Seattle, United States

K

Katehar

Maple Valley, WA, United States

ads68

Melbourne, Australia

D

DThirteen

Miami, United States

E

edgreig

Brixton, United Kingdom

O

Oscart

Edmonton, Canada

Bruno

São Paulo, Brazil

A

Arinelle

Toulouse, France

M

mkellerman

Shanghai, China

sarna

Toronto, Canada

fairspirit

Utrecht, Netherlands

Gordons28

Santa Monica, United States

L

LindsayB

Sydney, Australia

BF

Bob Fitzjohn

Fontvielle, Monaco, Yemen

neocodesoftware

vancouver, Canada

A

Amani

Beaverton, United States

isabelv

Barcelona, Spain, Sweden

Nadja

Weissach, Germany

S

Serene

Philadelphia, United States

Erika

Calgary, Canada

gseletko

South Perth, Australia

Z

ZandC

Sacramento, United States

Lambie

Perth, Australia

tonnyschonewille

Maastricht, Netherlands

dmirpuri

Bangkok, Thailand

Matthieu

Switzerland, France

xtrahardware

Cazenovia, United States

G

Goetterbote79

Neuhausen, Germany

J

jinx83

Brisbane, Australia

HealthcareProvider

Baltimore, United States

Z

zidishan

Trifouillis, France

E

E

Marin county, United States

L

lobotommy

OSLO, Norway

G

GanSatya

United States

Walterlo

West Hollywood, United States

B

BobHope

United States

pvilliger

Zurich, Switzerland

W

wiwillia

Milbrae, United States

M

Malibu

Westwood, United States

G

gbelote

United States

D

drorm

United States

L

lenders

United States

G

geoff

United States

S

spivurno

United States

S

science4sail

United States

S

SimonAngus

South Africa

A

allie105

United States

S

simonista

United States

M

Michi

Switzerland

J

jay12

Germany

K

Karpet

Faroe Islands

A

ajayhk

San Jose, United States

J

jbhernan

United States

A

Arkad

United States

R

RonEddy

United States

TyWee

Manila, Philippines

A

AlphaAres

Azerbaijan

W

wesbh89

United States

S

SaraNT

United States

I

idris

United States

J

jdelaporte

United States

S

SCHAC

Switzerland

SV

sven vdk

Twickenham, United Kingdom

M

M.Umar

Pakistan

E

Estebanito

United States

A

adamdreaming

United States

S

Scaevola

Netherlands

J

JeremyR

United States

R

Ruj-ura

Thailand

C

CallmeDash

Wollongong, Australia

Mike and Jacqui

United Kingdom

S

Stephan

Netherlands

KM

Kirsty M

United Kingdom

Haim Si

Mexico, Mexico

Dave Bogard

New York, United States

Tsay

Taipei, Taiwan

Family Mueller

Petershagen, Germany

Greg Howard

Reno, Nv, United States

JL

Jindou Lee

United States

SMOICE

Berlin, Germany

MW

Matt Willis

United States

Laurie

United States

M

Maggie

Australia

JG

Jake Gibson and Beverly Picardo

San Francisco, United States

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